JEDTRA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JEDTRA
Largest movements
- Tangible fixed assets +€95,171
up €95,171 (+19.1%), from €497,645 to €592,816
of which Leasing and similar rights: +€118,240
- Receivables within one year -€27,285
down €27,285 (-12.7%), from €214,147 to €186,862
of which Trade receivables: -€54,661
- Cash -€18,368
down €18,368 (-33.3%), from €55,196 to €36,828
mainly Investment in fixed assets (net) (-€303,846) and Trade debts (-€32,945)
- Deferred charges and accrued income -€15,547
down €15,547 (-82.9%), from €18,758 to €3,211
- Intangible fixed assets -€12,500
down €12,500 (-11.9%), from €105,240 to €92,740
- Trade debts -€32,945
down €32,945 (-21.2%), from €155,440 to €122,495
- Reserves +€27,614
up €27,614 (+53.8%), from €51,324 to €78,937
of which Distributable reserves: +€27,614
- Debts after one year +€23,381
up €23,381 (+6.1%), from €384,420 to €407,800
- Current portion of long-term debt +€22,462
up €22,462 (+12.5%), from €179,120 to €201,582
- Tax, wage and social debts -€20,770
down €20,770 (-20.7%), from €100,551 to €79,781
of which Taxes: -€14,019
- Depreciation +€65,228
up €65,228 (+41.8%), from €155,947 to €221,174
- Staff costs -€54,578
down €54,578 (-8.8%), from €622,139 to €567,561
- Financial charges +€17,768
up €17,768 (+90.3%), from €19,667 to €37,436
- Other operating charges -€17,304
down €17,304 (-16.4%), from €105,566 to €88,261
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €894,382 | €915,854 | +€21,472 | +2.4% |
| Fixed assets | 21/28 | €606,282 | €688,953 | +€82,671 | +13.6% |
| Intangible fixed assets | 21 | €105,240 | €92,740 | -€12,500 | -11.9% |
| Tangible fixed assets | 22/27 | €497,645 | €592,816 | +€95,171 | +19.1% |
| Plant, machinery and equipment | 23 | €12,293 | €15,393 | +€3,100 | +25.2% |
| Furniture and vehicles | 24 | €81,445 | €55,276 | -€26,169 | -32.1% |
| Leasing and similar rights | 25 | €403,908 | €522,148 | +€118,240 | +29.3% |
| Financial fixed assets | 28 | €3,397 | €3,397 | = | 0.0% |
| Current assets | 29/58 | €288,101 | €226,901 | -€61,200 | -21.2% |
| Amounts receivable within one year | 40/41 | €214,147 | €186,862 | -€27,285 | -12.7% |
| Trade receivables | 40 | €190,792 | €136,131 | -€54,661 | -28.6% |
| Other amounts receivable | 41 | €23,355 | €50,731 | +€27,376 | +117.2% |
| Cash at bank and in hand | 54/58 | €55,196 | €36,828 | -€18,368 | -33.3% |
| Deferred charges and accrued income | 490/1 | €18,758 | €3,211 | -€15,547 | -82.9% |
| Total equity and liabilities | 10/49 | €894,382 | €915,854 | +€21,472 | +2.4% |
| Equity | 10/15 | €71,775 | €97,529 | +€25,754 | +35.9% |
| Contributions | 10/11 | €20,451 | €18,592 | -€1,859 | -9.1% |
| Reserves | 13 | €51,324 | €78,937 | +€27,614 | +53.8% |
| Tax-exempt reserves | 132 | €12,965 | €12,965 | = | 0.0% |
| Distributable reserves | 133 | €38,359 | €65,973 | +€27,614 | +72.0% |
| Amounts payable | 17/49 | €822,608 | €818,325 | -€4,283 | -0.5% |
| Amounts payable after more than one year | 17 | €384,420 | €407,800 | +€23,381 | +6.1% |
| Financial debts | 170/4 | €384,420 | €407,800 | +€23,381 | +6.1% |
| Amounts payable within one year | 42/48 | €438,188 | €410,524 | -€27,664 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €179,120 | €201,582 | +€22,462 | +12.5% |
| Financial debts | 43 | €3,077 | €6,666 | +€3,589 | +116.7% |
| Credit institutions | 430/8 | €3,077 | €6,666 | +€3,589 | +116.7% |
| Trade debts | 44 | €155,440 | €122,495 | -€32,945 | -21.2% |
| Suppliers | 440/4 | €155,440 | €122,495 | -€32,945 | -21.2% |
| Taxes, remuneration and social security | 45 | €100,551 | €79,781 | -€20,770 | -20.7% |
| Taxes | 450/3 | €66,761 | €52,742 | -€14,019 | -21.0% |
| Remuneration and social security | 454/9 | €33,790 | €27,039 | -€6,751 | -20.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €35,347 | €35,500 | +€153 | +0.4% |
| Remuneration, social security and pensions | 62 | €622,139 | €567,561 | -€54,578 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,947 | €221,174 | +€65,228 | +41.8% |
| Other operating charges | 640/8 | €105,566 | €88,261 | -€17,304 | -16.4% |
| Non-recurring operating charges | 66A | €28,442 | €5,615 | -€22,827 | -80.3% |
| Gross operating margin | 9900 | €933,076 | €934,368 | +€1,292 | +0.1% |
| Operating profit (loss) | 9901 | €20,982 | €51,756 | +€30,773 | +146.7% |
| Financial income | 75/76B | €733 | €2,400 | +€1,667 | +227.6% |
| Recurring financial income | 75 | €733 | €2,400 | +€1,667 | +227.6% |
| Financial charges | 65/66B | €19,667 | €37,436 | +€17,768 | +90.3% |
| Recurring financial charges | 65 | €19,667 | €37,436 | +€17,768 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €2,047 | €16,719 | +€14,672 | +716.6% |
| Income taxes | 67/77 | €1,482 | €4,890 | +€3,407 | +229.9% |
| Profit (loss) for the period | 9904 | €565 | €11,830 | +€11,265 | +1993.1% |
| Profit (loss) for the period to be appropriated | 9905 | €565 | €11,830 | +€11,265 | +1993.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.